U.S. Intel: Iran Plans Nuclear Strike on U.S.
Thursday, July 31st, 2008 Posted in Economic News | No Comments »Iran has carried out missile tests for what could be a plan for a nuclear strike on the United States, the head of a national security panel has warned.
U.S. Treasuries: Worse than the US Dollar!
Thursday, July 31st, 2008 Posted in Economic News | No Comments »Some have advised investors to remove their money from banks and buy U.S. Treasuries as a safer investment. The rational goes as follows. "U.S. Treasuries are backed by the full faith and credit of the U.S. Government and they ...
A record 1.6 million barrels a day in U.S. refined petroleum products were exported
Thursday, July 31st, 2008 Posted in Economic News | No Comments »The surge in exports appears to contradict the pleas from the U.S. oil industry and the Bush administration for Congress to open more offshore waters and Alaska's Arctic National Wildlife Refuge to drilling.
US STOCKS-Wall St seen falling after GDP, jobless claims data
Thursday, July 31st, 2008 Posted in Economic News | No Comments »* US GDP grows a lower-than-expected 1.9 pct in Q2 * Weakly jobless claims jump, suggesting weak labor market
Exxon Moile 2Q profit sets US record $11,700,000,000.00 (11 Billion 7 Hundred Million)
Thursday, July 31st, 2008 Posted in Economic News | No Comments »Exxon Mobil Corp. reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporation, but the results were well short of Wall Street expectations and its shares fell.
Silver and Monetary Considerations; By David Morgan
Thursday, July 31st, 2008 Posted in Economic News | No Comments »Many of you are probably too young to appreciate the full impact of the hyperinflation in Germany after WW1. It was devastating. This picture shows you the amount of paper that was equal to one silver dollar,
Asia Times: CHINAS DOLLAR MILLSTONE, Part 1; by By Henry C K Liu
Thursday, July 31st, 2008 Posted in Economic News | No Comments »Breaking free from dollar hegemony
CRISIS PUTS NY IN SELL HELL
Thursday, July 31st, 2008 Posted in Economic News | No Comments »ALBANY - Warning of an approaching economic calamity, Gov. Paterson yesterday called an emergency session of the state Legislature - and raised the specter that New York may have to sell off roads, bridges and tunnels to close a ...
A Turbulent Month; by the Aden Sisters
Wednesday, July 30th, 2008 Posted in Economic News | No Comments »Due to oil's decline, however, inflation concerns are temporarily easing. Investors are breathing easier. They're feeling better about the credit crisis because of the housing rescue bill, which will likely become a reality. If so, it will be extremely ...
Shorting Stocks Just A Dodgy Insider Scam; by Bob Chapman
Wednesday, July 30th, 2008 Posted in Economic News | No Comments »As of Monday, there were 74,603 August contracts and 224,080 December contracts. Most COMEX gold options are now centered on December, so there will not any opportunities to steal from traders of call options until yearend.The rollover ...
US credit crisis spreads to wealthier
Wednesday, July 30th, 2008 Posted in Economic News | No Comments »The US financial crisis is spreading from subprime borrowers, with evidence mounting that more affluent people are failing to pay mortgages and credit card balances.
Oil Rises More Than $4 After Unexpected Gasoline-Supply Decline
Wednesday, July 30th, 2008 Posted in Economic News | No Comments »July 30 (Bloomberg) Crude oil rose more than $4 a barrel, the biggest gain since July 10, after the U.S. Energy Department reported the first decline in gasoline inventories in five weeks.
More Than a Helping Hand; by James Turk
Wednesday, July 30th, 2008 Posted in Economic News | No Comments »In this article I quote Ludwig von Mises as follows: "Finally the masses wake up. They become suddenly aware of the fact that inflation is a deliberate policy and will go on endlessly. The crack-up boom appears. Everybody is ...
SEC extends curbs on naked shorting of big financial stocks
Wednesday, July 30th, 2008 Posted in Economic News | No Comments »After six weeks of plummeting bank and brokerage share prices, the SEC on July 15 announced an unprecedented plan aimed at preventing "naked" shorting of 19 of the biggest stocks in the financial sector, including Bank of America Corp., ...
[Video] Fox News Exposed - White House Propaganda Tool
Wednesday, July 30th, 2008 Posted in Economic News | No Comments »Fox Breaking Fair & Balanced News! yea right!
U.S. Profits May Drop Most Since at Least 1998, Led by Lehman
Wednesday, July 30th, 2008 Posted in Economic News | No Comments »Profits at U.S. companies may have dropped the most in at least a decade last quarter after credit writedowns triggered a combined $7.43 billion loss at Merrill Lynch & Co. and Lehman Brothers Holdings Inc.
Fed Extends Emergency Lending Programs Until Jan. 30
Wednesday, July 30th, 2008 Posted in Economic News | No Comments »The Federal Reserve extended two emergency lending programs to Wall Street firms until Jan. 30, 2009, ``in light of continued fragile circumstances in financial markets,'' the central bank said today.
U.S. Stocks Climb as ADP Report Shows Gain in Jobs, Oil Drops
Wednesday, July 30th, 2008 Posted in Economic News | No Comments »U.S. stocks rallied for a second day as a private report showed that employers unexpectedly added jobs in July, oil retreated and the Federal Reserve extended a program for emergency loans to banks.
Bush signs housing bill in private
Wednesday, July 30th, 2008 Posted in Economic News | No Comments »With none of the fanfare that usually attends a landmark bill becoming law, President Bush signed the huge housing rescue bill just after 7 a.m. Wednesday, shortly after he arrived in the Oval Office.
Australia faces worse crisis than America
Tuesday, July 29th, 2008 Posted in Economic News | No Comments »The world's financial storm has swept through Australia and New Zealand this week amid mounting signs of contagion across the Pacific region.
The Grand Summary: Our Empire of Debt Is Collapsing; by Charles Hugh Smith
Tuesday, July 29th, 2008 Posted in Economic News | No Comments »Every once in awhile it pays to stand back and locate one's position in reality, by dead reckoning if no better tools are at hand. And by my reckoning, our financial system is dead.
North American Union: The dream is dead
Tuesday, July 29th, 2008 Posted in Economic News | No Comments »Father of alignment of U.S., Mexico, Canada says secret plan has been killed by left, right
MARKET MOVES: PETER SCHIFF: AMERICA IS FINISHED
Tuesday, July 29th, 2008 Posted in Economic News | No Comments »"America is finished. We are going to destroy this country. Our economy is just going to unravel," he told me yesterday. "The question is how much money is the world going to lose before it writes us off?" Apocalyptic ...
[Video] 7/28/2008- Peter Schiff On The Glenn Beck Show
Tuesday, July 29th, 2008 Posted in Economic News | No Comments »Excellent Discussion on the U.S. economic fall out!
[Video] Jim Rogers Speaks the Truth about Fannie Mae, Fredie Mac, Oil & Markets
Tuesday, July 29th, 2008 Posted in Economic News | No Comments »Excellent Jim Rogers Interview!